...

Turkmenistan Avoids Impact of World Crisis due to Rate for Gas Market Diversification, IMF says

Oil&Gas Materials 1 December 2008 18:08 (UTC +04:00)

Turkmenistan, Ashgabat, 1 December/ corr. Trend S. Kurbanov / "The policy of multi-polar export options for its energy resources and first of all, natural gas export pursued by Turkmenistan bears fruit, enabling to avoid the impact of the world financial crisis," the mission of the International Monetary Fund (IMF) headed by Peter Vingli, which has recently visited Ashgabat, said.

This is "the precautionary financial policy of the Turkmenistan government," the IMF stressed. The Fund indicates "the significant progress" in the economical reforms in particular the unification of exchange rates, cut in tariffs and correction of prices.

"To create the stabilization fund, as well as other reforms in the tax budget sphere is the important way for the progressive perfection of administrative actions in the tax budget sphere with intent to strengthen the financial position of the country," the report said.

The construction of the gas pipeline through Uzbekistan and Kazakhstan to the People's Republic of China is launched in Turkmenistan, the increase of outputs on the traditional route to the Russian federation using the Central Asia - Centre gas pipeline system has been planned.

The polysemantic project of gas pipeline through Afghanistan to Pakistan and India headed by the Asian Bank of Development is at the stage of the wide discussion.

At the same time the question of Turkmenistan's joining the Nabukko project is still left open. The trilateral closed summit with the participation of the presidents of Azerbaijan, Turkey and Turkmenistan held in Turkmenbashi these days did not make the situation clear.

The correspondent can be contacted at [email protected]

Latest

Latest